The SEC has approved the 7RCC Spot Bitcoin and Carbon Credit Futures ETF for listing on NYSE Arca, blending cryptocurrency exposure with sustainability efforts. Effective November 15, 2024, the ETF combines direct Bitcoin price exposure with investments in carbon credit futures to offset environmental impacts. Initially filed in March 2024, the proposal underwent multiple revisions …
The United States has only approved ETFs for Bitcoin and Ether, versus some 30 digital asset types in Europe, according to the Financial Times.
A recent survey by Swiss digital bank Sygnum found that 72% of institutional investors – including family offices, external asset managers, fund managers, and hedge funds – are open to investing in crypto assets. Institutional Investors Getting Comfortable With Crypto Assets Conducted at the end of Q3 2024, the Sygnum Future Finance Survey gathered responses […]
U.S. spot Bitcoin ETFs experienced $400.67 million in outflows on Thursday, breaking a six-day streak of positive inflows. Ark’s and Bitwise’s ETFs saw their largest single-day withdrawals since launch. Fidelity’s FBTC led the outflows with $179.2 million, while Ark’s ARKB and Bitwise’s BITB had $161.7 million and $113.9 million exits, respectively. BlackRock’s IBIT saw a …
Since the second quarter, Goldman Sachs has added $300 million to its portfolio in Bitcoin ETF holdings, increasing exposure by 71%.
Bitcoin's price has now corrected approximately 6% since the all-time high break on Nov. 13.
Gary Gensler, the chair of the U.S. Securities and Exchange Commission, reiterated his call for cryptocurrency exchanges to register with the agency and highlighted the need for proper disclosures from those selling securities, as his tenure at the SEC may be nearing its conclusion. This comes amid Trump’s victory in the election and his threat …
Bitcoin dominance continues its uptrend and hits new highs as ETF inflows soar.
BlackRock, the world’s biggest asset manager, has just dropped $91.6 million into the iShares Bitcoin Trust ETF (IBIT), buying over 2.5 million shares. This move comes as IBIT experiences a massive surge in popularity, attracting $230 million in just one day and breaking records with $5 billion in daily trading volume. With total assets now …
Despite the minor dip in the Bitcoin prices below the $90,000 mark, the total daily net inflow for US-spot Bitcoin ETFs stood at $510.11 million on 13 November. Driving the rally, BlackRock’s IBIT collected $230.81 million of inflows. This was followed by Fidelity’s $186 million inflow and Grayscale’s Minitrust BTC by $61.30 million. Mirroring the …
According to Bitwise Chief Investment Officer (CIO) Matt Hougan, entering the Bitcoin (BTC) trade may not be too late. The executive recently said that until the flagship cryptocurrency hits $500,000, it’s “still early.” Potential Investors Should Not Be Discouraged By Bitcoin Price Action In a client memo shared yesterday, Bitwise’s CIO Hougan stated that while […]
Bitcoin is leading the broader crypto market higher, outperforming the CoinDesk 20 Index with its 6% advance over the past 24 hours.
Pro-crypto regulation under the incoming Trump administration could push Bitcoin toward $100,000 by early 2025 as institutions accelerate adoption.
As the bullish institutional support for ETFs continues, the net inflow for Bitcoin ETFs registered $39.26 million. Meanwhile, the US Ethereum spot ETF had a daily inflow of $4.47 million. Leading the Bitcoin space, Fidelity’s FBTC had an inflow of $37.20M, followed by Grayscale’s BTC with $15.08M. Among the ETH ETFs, Bitwise’s ETHW spearheaded the …
Bitcoin and ether ETF inflows soared on one of the biggest days in the BTC's history.
Bitcoin (BTC) has been on an all-time-high (ATH) run following the election victory of the Republican US presidential candidate Donald Trump. Add Crypto Exposure At The Earliest, Bernstein Tells Clients Despite Bitcoin’s strong gains after the election, analysts at trading firm Bernstein remain confident that the broader crypto market still has substantial room for growth. […]
The latest weekly crypto inflows of nearly $2 billion mark the fifth consecutive weekly inflows totaling $7.7 billion, or 24% of the total $31.3 billion inflows year-to-date.
On Thursday, Detroit announced plans to become the largest city in the United States to accept Bitcoin and other cryptocurrencies for tax payments. According to local media reports, residents will be able to make payments through a platform managed by PayPal from mid-2025 as the city looks to modernize its payment systems. Detroit’s Cryptocurrency Move […]
Bitcoin is "acting weird," one commentator argues as BTC price gains fail to capitalize on incremental new all-time highs.
With the institutional support for Bitcoin, Ethereum, and all things crypto growing with Trump’s political win, the BlackRock ETFs are scaling new heights. BlackRock’s Ethereum spot, Ethereum ETF, saw an inflow of $6.3 million on Nov. 8. This is the highest-ever inflow since Aug. 7. Meanwhile, Bitcoin ETF recorded an inflow of $1.43 billion, a …
Amidst the market optimism around Bitcoin and the broader market, BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed its Gold ETF counterpart, the iShares Gold Trust (IAU), in assets under management (AUM). Notably, IBIT has amassed around $33.1 billion in AUM, while IAU currently holds about $32.9 billion worth of assets. The surge in IBIT’s assets …
Navigating the ever-changing crypto market can be challenging for investors, who often descend into the depths of the industry without any guidance. Some have taken on the task of developing tools to help traders steer their strategies and try to maximize their portfolio’s performance. 3Commas, a crypto trading bot automated platform, is one of those […]
BlackRock’s spot Bitcoin ETF has pulled off something huge. On November 7, this fund saw a mind-blowing $1.119 billion in inflows—an impressive recovery after losing $113 million just two days before. To put it into perspective, BlackRock’s fund made up a massive 82% of all spot Bitcoin ETF inflows that day. With Bitcoin hitting record …
ADA price breaks the multimonth downtrend pushing Cardano to four-month highs, thanks to multiple macro tailwinds and favorable technicals.
Following the overwhelming support of pro-crypto candidates in the United States and the recent Fed rate cut, which followed similar moves in major jurisdictions, the demand for Bitcoin (BTC) has significantly escalated. The United States is expected to follow the path of El Salvador in accumulating Bitcoins to counter the ballooning debt crisis. This growing …
BlackRock’s IBIT accounted for most of the inflows at $1.1 billion, with zero net outflows from any product.
As the crypto bull run began with Trump’s political win, the institutional support for Bitcoin surged. 11 U.S.-spot Bitcoin ETF recorded the biggest net inflow ever of $1.372 billion. The record has been broken after 167 days and was spearheaded by BlackRock’s IBIT, which witnessed the massive inflow of $1.169 billion yesterday. This is the …
As well as Trump’s victory, the crypto market recently received another big news as the Fed slashed interest rate by 25 bps. Bitcoin’s price, often highly responsive to US news, had already reached a record near $77,000 and remained relatively stable. Fed Goes Easy on Monetary Policy In line with market expectations, the U.S. Federal …
BlackRock's iShares Bitcoin Trust registered $4.1 billion in volume traded as bitcoin broke out to all-time highs.
Although the Bitcoin (BTC) price made new all-time highs (ATH) today, there could be more gains for the cryptocurrency’s future price trajectory. Bitcoin To Hit $100k By Inauguration Day? Following the victory of the Republican presidential candidate Donald Trump, the leading digital asset witnessed a steep surge in price, breaking through its previous ATH of […]